Pegasus plans fifth gold mine in `88
The growth spurt continues for Pegasus Gold with plans for another new gold mine in 1988. The Spokane-based gold producer had a banner year in 1987 with record production and record earnings. Earnings…
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TSE permits discount on private placements of flow-through shares
The Toronto Stock Exchange says it will permit listed companies to issue flow-through shares through a private placement at a discount to the market price of up to 15%. The exchange says the policy ch…
Noranda, Hemlo Gold active at red-hot Mishibishu region
Mishibishu. It’s a strange sounding name but one likely to become increasingly familiar to our readers in the months and years ahead. The recent announcement that the Mishibishu joint venture group (5…
Uranium located at SMDC bet
Uranium mineralization was discovered during drilling at the Key Lake district in northern Saskatchewan where the Saskatchewan Mining Development Corp. is involved with five joint venture partners, an…
USMX gets OK for Nevada mine
USMX Inc., a Denver-based company, says it has been given the green light by the U.S. Bureau of Land Management to proceed with construction on its Green Springs gold project in Nevada. Ground breakin…
Gold Ridge tests unique gold recovery method
Using technology developed in the oil fields, Gold Ridge Resources is testing a new way of recovering gold at its Wingdam deep channel placer gold deposits located near Cottonwood in north-central Bri…
Thompson-Lundmark drills N.W.T. property
New drilling has started on the joint-venture property of Consolidated Thompson-Lundmark Gold Mines about 35 miles northeast of Yellowknife in the Northwest Territories. President Richard Evarts tells…
Cambior nears Flavrian production
Nearly 26 years after it was mothballed, the old Flavrian property near Rouyn-Noranda, Que., is about to become a gold producer once again. Operator Cambior Inc. says it is within two months of a prod…
Pezim’s Prime example of new-found power
A new force has arrived on the Vancouver mining scene, one which has already challenged a takeover attempt by a large U.S. major for an emerging B.C. gold producer. Prime Capital (through Pezgold Reso…
Alberta Stock Exchange Varna leads the pack
In an unspectacular trading session, large blocks of four gold issues crossed the floor. Although the interest in Suffolk Resources, Sweany Gold, Varna Gold and Argus Resources, may have reflected a f…
Northgate influence shown in Campbell’s 1987 results
When Northgate Exploration acquired a 13% equity stake in Campbell Resources and an option on 19.6%, it came as no surprise to Northgate watchers. Campbell’s Chibougamau gold/ copper interests made it…
Aquarius producing gold
The Aquarius gold mine, operated by Asarco Exploration Canada, is expected to produce 15,000 oz of gold this year. Located 22 miles east of Timmins, Ont., the mill began processing feed from a surface…